Northern Trust Appointed by First Sentier Investors as Third-Party Administrator
Northern Trust (NTRS) has expanded its relationship with First Sentier Investors, an Australia-based asset manager with over US$157 billion in assets under management. The new mandate integrates front-to-back solutions for First Sentier's public market fund business across Australia, Ireland, Singapore, and the United Kingdom.
The comprehensive service package includes custody, depositary/trustee services, fund accounting, share-class hedging, transfer agency, and regulatory reporting services. Northern Trust, which has provided U.S. custody and fund administration services to First Sentier since 2005 and middle office solutions since 2020, will continue offering these services under the expanded agreement.
Northern Trust (NTRS) ha ampliato la sua partnership con First Sentier Investors, un gestore di attivi con sede in Australia che gestisce oltre 157 miliardi di dollari in attività. Il nuovo mandato integra soluzioni complete per il business dei fondi del mercato pubblico di First Sentier in Australia, Irlanda, Singapore e Regno Unito.
Il pacchetto di servizi completo include custodia, servizi di depositario/trustee, contabilità dei fondi, copertura per le classi di azioni, agenzia di trasferimento e servizi di reporting regolamentare. Northern Trust, che fornisce servizi di custodia e amministrazione dei fondi negli Stati Uniti a First Sentier dal 2005 e soluzioni di middle office dal 2020, continuerà a offrire questi servizi nell'ambito dell'accordo ampliato.
Northern Trust (NTRS) ha ampliado su relación con First Sentier Investors, un gestor de activos con sede en Australia que supera los 157 mil millones de dólares en activos bajo gestión. El nuevo mandato integra soluciones de extremo a extremo para el negocio de fondos del mercado público de First Sentier en Australia, Irlanda, Singapur y el Reino Unido.
El paquete de servicios integral incluye custodia, servicios de depositario/fiduciario, contabilidad de fondos, cobertura de clases de acciones, agencia de transferencia y servicios de informes regulatorios. Northern Trust, que ha proporcionado servicios de custodia y administración de fondos en EE. UU. a First Sentier desde 2005 y soluciones de middle office desde 2020, continuará ofreciendo estos servicios bajo el acuerdo ampliado.
노던 트러스트 (NTRS)가 호주에 본사를 두고 1,570억 달러 이상의 자산을 관리하는 자산 관리자 퍼스트 센티어 인베스터스와의 관계를 확장했습니다. 새로운 계약은 퍼스트 센티어의 공공 시장 펀드 사업에 대해 호주, 아일랜드, 싱가포르, 영국 전역에 대한 포괄적인 솔루션을 통합합니다.
포괄적인 서비스 패키지에는 보관, 수탁/신탁 서비스, 펀드 회계, 주식 클래스 헤징, 이전 대행 및 규제 보고 서비스가 포함됩니다. 2005년부터 퍼스트 센티어에 미국의 보관 및 펀드 관리 서비스를 제공하고 2020년부터 미들 오피스 솔루션을 제공해 온 노던 트러스트는 확대된 계약 하에 이러한 서비스를 계속 제공할 것입니다.
Northern Trust (NTRS) a élargi sa relation avec First Sentier Investors, un gestionnaire d'actifs basé en Australie avec plus de 157 milliards de dollars d'actifs sous gestion. Le nouveau mandat intègre des solutions de bout en bout pour l'activité des fonds de marché public de First Sentier en Australie, en Irlande, à Singapour et au Royaume-Uni.
Le package de services complet comprend la garde, les services de dépositaire/fiduciaire, la comptabilité des fonds, la couverture des classes d'actions, l'agence de transfert et les services de reporting réglementaire. Northern Trust, qui fournit des services de garde et d'administration des fonds aux États-Unis à First Sentier depuis 2005 et des solutions de middle office depuis 2020, continuera à offrir ces services dans le cadre de l'accord élargi.
Northern Trust (NTRS) hat seine Beziehung zu First Sentier Investors, einem in Australien ansässigen Vermögensverwalter mit über 157 Milliarden US-Dollar an verwalteten Vermögen, ausgeweitet. Der neue Auftrag integriert durchgängige Lösungen für das öffentliche Marktgeschäft von First Sentier in Australien, Irland, Singapur und dem Vereinigten Königreich.
Das umfassende Dienstleistungspaket umfasst Verwahrung, Depot-/Treuhanddienste, Fondsbuchhaltung, Währungsabsicherung, Übertragungsagentur und regulatorische Berichterstattungsdienste. Northern Trust, das seit 2005 US-Verwahrungs- und Fondsverwaltungsdienste für First Sentier bereitstellt und seit 2020 Lösungen für das Middle Office anbietet, wird diese Dienstleistungen im Rahmen der erweiterten Vereinbarung weiterhin anbieten.
- Expansion of long-term client relationship since 2005
- Significant increase in service scope across multiple regions
- Addition of comprehensive front-to-back solutions for large asset manager ($157B AUM)
- None.
Insights
This mandate expansion represents a significant win for Northern Trust's asset servicing business. The consolidation of services for First Sentier's
The deal aligns with Northern Trust's strategy to grow its asset servicing business through comprehensive whole-office solutions. By providing integrated services like custody, fund accounting and regulatory reporting, NTRS can capture more revenue per client while creating operational stickiness that reduces client turnover. This type of mandate typically has high switching costs for clients, providing stable long-term revenue streams.
This mandate win demonstrates Northern Trust's competitive strength in the institutional asset servicing space, particularly in capturing expanded business from existing relationships. The global nature of the mandate spanning key financial centers positions NTRS well against peers in the custody banking sector. The integration of front-to-back solutions reflects the industry trend toward consolidated service providers that can deliver operational efficiency and cost savings to asset managers.
First Sentier's selection of Northern Trust as their primary provider validates NTRS's technology investments and global operating model. This type of comprehensive servicing relationship with large asset managers can serve as a reference case to win similar mandates from other institutional clients looking to streamline their operations.
New Mandate Expands Relationship Consolidating Asset Servicing Services Agreement Across Australia,
Under the terms of the new mandate, Northern Trust will integrate a range of front-to-back solutions for the manager’s public market fund business in
Northern Trust has provided
“We are pleased to be partnering with First Sentier Investors on this important mandate,” said Pete Cherecwich, Chief Operating Officer, Northern Trust. “Our whole office approach delivers a front-to-back solution that provides First Sentier Investors with a global model for their consolidated book of middle office and funds business, while also helping them streamline processes and increase efficiency across their organization.”
“In choosing a primary provider across our middle and back offices, we looked for one that could provide scale and operate effectively across multiple platforms and geographies," said Amanda Gazal, Chief Operating Officer at First Sentier Investors. “We selected Northern Trust because of the partnership approach and shared values between our two organisations as well as their consistent and scalable service model.”
Northern Trust provides services including fund administration, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
About First Sentier Investors
First Sentier Investors manages
First Sentier Investors is a globally Certified B Corporation and signatory to the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241211502599/en/
Camilla Greene
+44 (0) 20 7982 2176
Camilla.Greene@ntrs.com
Simon Ansell
+ 44 (0) 20 7982 1016
Simon.Ansell@ntrs.com
US &
John O'Connell
+1 312 444 2388
John.O'Connell@ntrs.com
Source: Northern Trust
FAQ
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